40
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$7,330,000
Est. payment /mo
Active
90 Manaquayak West Tisbury, MA 02575
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 73572001
HOA Y/N false
Year Built 1790
Annual Tax Amount $1
Tax Year 2025
Property Description
Lambert's Cove Inn & Resort is an upscale hospitality asset in West Tisbury, Martha's Vineyard, operating as a 15-room boutique hotel spread across a historic farmhouse, restored stable, and barn. The property generates three distinct revenue streams through its luxury lodging, the high-end restaurant (seating up to 70–80 guests), and its status as a premier wedding venue featuring an English Garden and Great Lawn. The 8- acre estate is being offered for sale with a brand-new 5-year triple-net (NNN) lease yielding $55,000 per month at a 9% Cap Rate, providing a stable passive income opportunity for an investor while the operator manages the day-to-day hospitality and event services. Lamberts Cove represents a rare opportunity to acquire a scaled, income-producing boutique hospitality asset in one of the most supply-constrained resort markets in the United States. Established in 1790 and comprehensively renovated in 2022, the property combines irreplaceable historical character with modern operating infrastructure. The combination of limited competitive supply, meaningful land scale, and enduring destination demand positions Lambert's Cove Inn as a defensible hospitality investment with stable operating fundamentals and long-term value preservation.
Location
State MA
County Dukes
Zoning 1
Direction State Road to Lamberts Cove Road
Others
Senior Community false
Listed by Marcus & Millichap Real Estate Investment Services
NEARBY SCHOOL & BUSINESS
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